Al-Waleed bin Talal

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Al-Waleed bin Talal

Prince Al-Waleed bin Talal (also spelled Waleed bin Talal) (Arabic: الوليد بن طلال بن عبد العزيز آل سعود‎; born 7 March 1955) is a member of the Saudi Royal Family. He is the nephew of the Saudi Arabian King Abdullah. An entrepreneur and international investor but without real political power within the House of Saud or in Saudi Arabia, he has amassed a fortune through investments in real estate and the stock market.

Kingdom 5KR, a yacht owned by Alwaleed Bin Talal

As of March 2010, his net worth is estimated at US$19.4 billion, up from $13.3 billion, according to Forbes, making him the 19th richest person in the world on their list published in March 2010.[1] He has been nicknamed by Time magazine as the Arabian Warren Buffett.[2]

Talal bought the super yacht Kingdom5KR.[3] It had been owned by Donald Trump and called the "Trump Princess".[3] The yacht, built in 1980, was used in the James Bond movie, Never Say Never Again.[3] It has 11 cabins, can take 22 guests and has a crew of 31.[4]

On 4 November 2017, he was arrested in Saudi Arabia, in an anti-corruption raid,[5][6] together with, among others, Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel.[7] Al-Waleed was released from detention on 27 January 2018, following a financial settlement of some kind, after nearly three months in detention.[8][9]

References[change | change source]

  1. Forbes topic page on Prince Alwaleed Retrieved March 2010
  2. "Your chance to quiz Prince Alwaleed". Arabian Business.
  3. 3.0 3.1 3.2 "Kingdom 5KR". 2011. Retrieved 6 November 2011.
  4. "Kingdom 5KR Yacht - Benetti motor yacht". 2011. Retrieved 6 November 2011.
  5. Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal, by D. Kirkpatric, Nov. 4, 2017, The New York Times
  6. Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown: Local reports, CNBC
  7. Alwaleed bin Talal, two other billionaires tycoons among Saudi arrests, 4 November, Daily Sabah
  8. "Saudi billionaire Prince Al-Waleed freed after 'settlement'". Agence France-Presse. 27 January 2018. Archived from the original on 28 January 2018. Retrieved 27 January 2018. The prince was released following an undisclosed financial agreement with the government, similar to deals that authorities struck with most other detainees in exchange for their freedom.
  9. Ben Hubbard, Billionaire Saudi Prince, Alwaleed bin Talal, Is Freed From Detention Archived 27 January 2018 at the Wayback Machine, The New York Times (27 January 2017).